Crescent Resources Breaks Ground on $67M Mixed-Use Development
- Mar 13, 2013
Atlanta—Crescent Resources has broken ground on a $67 million mixed-use development in Atlanta. The community, called Crescent Terminus, is the first multifamily community in Cousins Properties’ Terminus master development, which is the last of the development vacant land.
Crescent Terminus will include three eight-story buildings with a total of 355 luxury units. Additionally, the community will have restaurants, retail and office space. The community is being designed to be LEED certified.
“Crescent Terminus fills a niche that doesn’t really exist in this market today—apartment living in Atlanta’s Buckhead for a younger tenant,” Ben Collins, vice president, Crescent Resources Mutifamily Group, tells MHN. “Unit sizes and price points will serve the 24- to 30-year-old professionals who work nearby, and we’ve overemphasized the quality and depth of community spaces to allow for the socializing and active lifestyles of Generation Y.”
Amenities include a business center with computers and printers, a salt-water resort-style pool, rooftop terraces, wine bar and tavern.
At the groundbreaking, it was announce that the name of the community would change from Circle Terminus to Crescent Terminus to better align with Crescent corporate and its properties.
“With Crescent Terminus, Crescent Resources has created a product that fits current market conditions and the already-developed mixed-use Terminus development through design and site planning,” Collins says.
Leasing for Crescent Terminus is expected to begin in 2014.